Despite what many company cheerleaders here think, Chevron is not as great as they'd like to believe. This company is old school through and through. It's stuck in place because it does not allow innovative or out-of-the-box thinking. You either do the things the old way or be shown the way out. This kind of thinking will bury the company. Maybe not this year or the next, but it is guaranteed to catch up with Chevron. And when it does, I plan to be long gone.
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Microsoft digital transformation of our big data ... use windows file content search on you team drive lately... how did that go. Now project that performance to a few thousand picobits on the cloud over Chevron’s vpn. Good luck; I think I will just correlate logs on paper again.
What happened to the triple crown initiative?
Microsoft needs to provide a tool that will peg me.
Let's just be honest and say that we've hedged our future on whatever Microsoft wants us to implement.
It's not a digital transformation, it's a Microsoft transformation.
For sure a contribution to chevron’s demise is the fact that digital transformation has taken the priority and has become a distraction over good ol oilfield business practices. Digital tools is rarely THE solution and often adds complexity. Supportive of technology and innovation and cool apps and so on.but don’t lose sight of the prize. $$s matter and we have to deliver.
For sure a contribution to chevron’s demise is the fact that digital transformation has taken the priority and has become a distraction over good ol oilfield business practices. Digital tools is rarely THE solution and often adds complexity. Supportive of technology and innovation and cool apps and so on.but don’t lose sight of the prize. $$s matter and we have to deliver.
Digital transformation is what will enable us to compete at a lower cost and survive. Along with a good vision.
MW planned on milking Permian shale, Australian gas, and Tengiz to pay the dividend and exec bonuses, no other MCPs planned (i.e., no growth plans). He'll be able to do that at least until his own retirement. After that, good luck Chevron! (Gone by 2035?) Maybe one of the high-pots with a MBA or digital degree can transform Chevron Into Google, Amazon, or Apple?!?
Thanks for pointing out the obvious. Just like everyone one day will go into the dirt, all the oil companies will fail. May not be today or next year, but in 200 years they will be gone. Unfortunately for you, you will not be able to milk it for that long. So stop pondering and start working while you have a paycheck.
Chevron is old school, and has survived and pays one of the highest dividends, go figure.
They are doing something right. The last 5 years have been screwy, but everyone, the service companies and oil companies were all high on the price of oil/gas due to the last gulf war, when that wound down, they realized they didn't have the margins in place they needed. This will level out. The "green" id--ts who think solar/wind will solve our energy needs are smoking the wrong weed.
Even hydro dam "batteries" will not solve the solar storage issue. Look at what happened with power in Texas this winter due to green. It failed. Electric cars will not be the doom of oil/gas/coal, because they just plug into the existing grid. Research and find > 40% of EV car owners have switched back to non-electric. Why? because you can't even get 300 miles and then you have to search for a charging location and wait 2-8 hours. EV cars only work if you have a short commute, power couplings at both ends (home and office) AND you do not get stuck in traffic.
lol at the service company comment. Operators dictate the terms - service companies do the catering
Oil and gas is not really about innovation. It’s about safely sucking poison out of the ground, transporting it and cooking it. Not much has changed about it in 100 years. As the industry develops new technology, Chevron is a slow follower, with examples like 4d seismic, Permian shale, etc. If you like innovation you need to move to a much smaller company in the service realm.